Charity colmmis￿l￿i',
13 NOV 2025
THE CHARLES LANE TRUST
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEMBER 2024
Regtstered Ch¢7rity No 216080
CONTENTS
Page
Legal and admlnistratlve information
Report of the trustees
Report of the Sndependent examiner
Statement of financial artivitles
Balance Sheet
9- 14
Notes and attounting policies

THE CHARLES LANE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Chorfty registrntion..
216080
rrustees..
Shella Huckfleld-Powell
Dr Marcus Brain
Coun¢illor Roger Harmer
Stephen Jackson
Susan Jackson
Penelope Wagg
Susan Weake
Chair
Reqistered office.-
101 Hazelwood Road, Acocks Green, Birmingham, B27 7XW
Independent exomlner..
Malcolm Willcox, FCCA
Chartered Certified Accountant
Hagley House. 93 Ha6ley Road, Edgbaston, Birmingham, B16 8LA
8qnker5.'
HSBC Bank plc
22-24 Colmore Row, Birmingham, B3 2QD
Investmentmanager..
Brewin Dolphin Limited
9 Colmore Row, Blrmlngham, B3 2BJ
Monoglng ugent..
Carters, Chartered Surveyor5
4 Albany Road, Harborne, Birmingham, B17 9JX

THE CHARLES LANE TRUST
REPORTOF THE TRUSTEES
The trustees present their report wf(h the financial statements of the charity for the year ended 31 December
2024. The trustee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charlties preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFR51021.
Objertives and activitie5
Purposes anduims
The Charle5 Lane Trust is established to provide accommodatlon for elderly people re5idin8 In almshouses
owned by the charity located in Fox Hollies Road, Acocks Green, Birmingham.
After first defraying the management costs of the charity, all of the charitvs income 15 to be applied as
follows..
To maintain an extraordSnary repair fund for the repalr, improvement or rebuilding of the almshouses
belonging to the charity.
To applythe charitvs remaining income forthe benefit of the almspeople of the charty or any of them
in such manner as the trustees think fit from time to time.
Ensuring our work dellvers our Gims
We review our aims, objective5 and artivities each year. This review loo￿ at what we achieved and the
outcomes of our work in the previous 12 months. The review look5 at the success of each key activity and
the benefits they h&ve brought to those groups o* people we are set up to help. The review also helps us to
ensure that our aims, objectives and artivities remain focused on our stated purpose.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit
when reviewing our aim5 and objectives and in planning future activltles. In particular, the trustees consider
how planned activities will contribute to the aims and objectives they have set.
Achlevement and perfomiance
Charitable activities
During the year, the chaYitVs investment5 produced a satisfactory level of intome enabling the charity to
continue to meet its objectives and activities.
The trustees have also made iegularvlslts to the almshouse residents in a pastoral capacity and have re￿iVed
feedback on how to improve the servSce provided by the charity.
Furthermore, the trustees of the charity have met on a regular ba515 throughout the year and have re￿iVed
and accepted report5 from the clerk and from the warden.

THE CHARLES LANE TRUST
REPORT OF THE TRUSTEES - contlnued
Financlal review
Investment policy ond objectives
The charity needs to produce the best financlal return within an acceptable level of rlsk and any programme
related investments will be considerèd by the trustees separately rather than forming part of the Investment
portfolS0.
The charity's need for income is, to some exient, dictated by the wish to help maintain the operation5 and
object5 of the charlty and so the investment objective is to generate an income return of approximately 4%
per annum over the long term. In addition, the trustees are looking for long-term real returns such that any
income increases at least in line with inflatlon along with the real value of the assets over the long term.
The trustees understand that in orderto mitigate inflation riskthis is likelyto mean that Investment w511 partly
be in real assets, such as equities, and that in the short term capital value of investments will fluctuète. The
trustees are able to tolerate volatility in the capital value of investments as long as the charity 15 able to meet
Its short term commitments through accumulated income or Ilquid spendable capital assets.
The chariws assets can be invested widely and should be diversrfied by asset class, geographical spread,
investment manager anil by sector and security. Asset classes that the trustees consider could be included
within the portfolio are cash, gilts, corporate bonds, equities, property, structured products, private equitv,
commodities and any other asset that 15 deemed to be suitable for the chartty. Access to these asset classes
could be achieved dirertly or via collective investment vehlcles such as investment trusts.
The trustees are charged with agreeing a suitable asset allocation strategy with a firm of independent
investment managers who have been delegated with the aim of achieving the chariws overall investment
objectives.
Liquidity requirements
The charlty tends to utilise income from weekly maintenance payments from the charity's almshouse
residents and inccime received from its investment portfolio. The trustees will retain the majority of any
exce55 income to the extent it is not invested as such to try and smooth any poor years of investment returns.
To allow for volatility in income levels produced by the charivs investment portfolio, the trustees wish to
maintain a year's worth of expenditure in cash and investments.
Time horizon
The charity is expected to exist in perpetuity and investment5 should be managed to meet the investment
objective.
Ethicol Considerotions
The chaTItVs assets should be invested in line with its aims. The trustees do not wish to adopt an exclusionary
poIIcyi but individual investments may be excluded if perceived to conflict with the tharity's purpose.
Trustees also acknowledge that some companies operate in areas that negattvely affett the environment in
variou5 ways or in areas where human rights are not observed. However, in the majorlty of cases, thetrustees
acknowledge that most major listed companies will also have made positive contributions for community
involvement and equal opportuni(ies any may make positlve contributions to the environment. These
positive asperts help counteract any such negative effect5.

THE CHARLES LANE TRUST
REPORT OF THE TRUSTEES - continued
Financial review
contlnued
Reserves policy
It is the policy of the trustees to maintain a level of reserves sufficient to ensure the continued operation uf
the charity's activities.
In particular, the trustees have agreed that an amount is to be held in the charity's extraordinary repair fund
at the end of each year in order to maintain the charity's almshouses and to meet any future unexperted
repair costs.
The balance carried forward at 31 December 2024 in the charitls extraordinary repair fund is deemeil to be
sufFicient by the trustees.
Finon¢itrlreview
The statement of financial activities for the year ended 31 December 2024 shows incoming resources of
£54,85212023- £52.3851 and resources expended of £71,71912023 - £92,809).
The charity's investments during the year ended 31 December 2024 have generated realised and unrealised
gains totalling £38,30712023 gains- £36,623) which the charity's net funds increased from £724,889 as at 31
December 2023 to £746,329 as at 31 December 2043.
Structurei governance and management
Governing document
The charity Is an unincorporated charity governed by a scheme of the Charity Commission dated 6 December
1979.
Trustees
The power to appoint new trustees is set out in the charitvs governlng document.
The Board of Trustees shall consist, when Complete, of nine members.. one ex-officio trustee, two nomlnatlve
trustees and six CO-OPtatlve trustees.
The ex-offitio trustee shall be the Vicar of the Ecclesiastical Parish of the Church of the Ascension, Hall Green,
Birmingham.
The nominative trustees shall be appointed by Birmingham City Councll.
The co-optative trustees shall be persons who through residence, occupation, employment or otherwlse have
special knowledge of the area of the Ancient Parish of Yardlev.
All trustees give their time voluntarily and receive no benefit5 from the tharity. Any expenses reclaimed from
the charity are Sel out in the notes to the flnancial statements.

THE CHARLES LANE TRUST
REPORT OF THE TRUSTEES - continued
StructUTe, governance and management - contlnued
Organisationalstmrture
The trustees who have served during the year are disclosed on page l under le881 and administrative
information.
All matters of policy, management and any other items as circumstances required are determined by the
trustees who meet several time5 a year.
Indurtion and training of new trustees
As part of their induction programme new trustees are rnade aware of their responsiblllties as trustees of
The Charles Lane Trust.
This inductlon includes an introduction to the objertives. scope and policies of the charity and information
on trustee responsibilitles together with a copy of the charlty's governing document.
Rlsk monogement
The trustees have a duty to Identify and review the risks to whSch the charity is exp05ed.
Independent examlners
Malcolm H J Willcox FCCA, Chartered Certified Accountant, has expressed his willingness to continue in office
as the independent examiner.
On behalf of the Board
SHEILA HUCKFIELD-POWELL
Chair
3 November 2025

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHARLES LANE TRUST
I report on the financial statemeftts of the charity for the year ended 31 December 2024 which are Set out gn pages
7tol3.
Respectlve ress>onsibllltles of trustees and eJEaminer
The Charlty's trustees are responsible for the preparation of the financS3l statements. The charity's trustees
consider that an audit is not required for this year urtder sectlon 144 of the Charities Act 20111.the Charitles Act")
and that an independent examination is needed.
It Is my responsibility to..
examine the financial statements under section 145 of the Charities Act;
to follow the procedures lald down in the general Directlons glven by the Charity Comrnission lunder Section
14515llbl of the Charities Act,. and
to state whether particular matters have come to my attention.
Independènt examlnerfs statement
I have completed my examtnation. I confirm that no material matter5 have Come to my attention which gives me
cause to believe that in. any material respect..
the accounting records were not kept In accordance with 5ecti¢n 130 of the CharSties Act- or
the financial statements did not accord with the accounting records,. or
the financial statements did not comply with the applitable requirements concerning the fomi and content of
financial statement5 Set out in the Charities IAccount5 and Reports) Regulations 2008 other than anv
requirement that the financial statements give a 'true and lair, view which is not a matter considered as part
of an independent examination.
I have no concerns and I have come actoss no other matter5 in connectlon with the examination to which attention
should be drawn in this report in orderto enable a proper understanding of the linancial statement5 to be reached.
MALCOLM H J WILLCOX FCCA
Chartered CertNfiedAccountont tJnd StotutoryAuditor
Birmingham
3 November 2025

THE CHARL￿ LANE TRUST
STATEMENT OF FINANCIAL ACtIVlTIES
YEAR ENDED 31 DECEMBER 2024
Extraordinary
Reserve
Fund
2024
Total
2023
Total
Notes
General
Fund
Restricted
Fund
Intome and endowments
Charitable activities..
Residents, contributions
37,990
37,990
36,396
Investmeni income
16,862
16,862
15,989
54,852
54,852
52,385
Expendlture
Investment management CQSts
5,809
5,809
4,670
Charitable actlvltles..
Direct costs
Support costs
46,820
19.090
46,820
19,090
74,881
13,258
71,719
71,719
92,809
Net expenditure
116.8671
118,8671
140,4241
Realised gains
429
2,784
3,213
10,932
Unreali5ed gains
471
9,066
25,557
35.094
25,691
Net 5urpluslld•lScltl
115.9671
9,066
28.341
21,440
1 3,8011
Transfers between funds
4,126
1 4,1261
Total funds brought forward
155,986
110,610
458,293
724,889
728,690
Total funds tarried fonvard
144,145
119,676
482,508
746,329
724,889

THE CHARLES LANE TRUST
BALANCE SHEET
31 DECEMBER 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
Investments
28,138
693,038
28,138
668,729
io
721,176
696.867
CURRENT ASSETS
Debtors
Cash at bank
li
19,991
16,744
21,530
13,866
36,735
35,396
CREDITORS-fvlling due within one yet7r
12
111.5821
17,3741
NET CURRENT ASSErs
25,153
28,022
746,329
724,889
ACCUMULATED FUNDS
Unrestricted funds
Restricted funds
14
14
263,821
482.508
266,596
458,293
746.329
724,889
Approved tind signed on beholf Of the Boord oft) 3 November 2025 by
SHEILA HUCKFIELD-POWELL
Chair

THE CHARLES LANE TRUST
NOTES AND ACCOLINTING POLiaES
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
Basls ol preporlng the fjnancial statemems
The charity ccn5tTtute5 a public benefit enttty as defined by FRS102. The financial 5tatement5 have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued In Ortober 2019. the Financial Reporting Standard
appllcable inthe United Kingdom and Republicof Ire&nd IFRS1021. the Charttles Act 2011, and UKGenerally
Accepted Accounting Pr8Ctite.
The financial ststements have been p￿pared under the hL8torlcal c05t conventton with the oxception of
Investments which ale included at maiketvalue.
Income
All Income Is recognised in the Statement of Financial Activities onte the charfty has entitlement to the
funds, ic is probable that the Income wlll be recelved, and the amount czn be measured rellably.
Expendlture
Llab111ties are recognised as expenditure a5 Soon as the￿ is a legal or conMructNe obligation committing
the charity to that expenditure. it is protKble that a transfer of economic beneflts wlll be rÈquired in
settlement8nd the amount of the obllgatlon can be rnea5ured reliably. EXpend￿ure is accounted foron an
accruals basisand has been classlfled under headings thataggregate a11£05t related tothe category. Where
costs cannot be direttly attributed to partlcuL8r headlngs they have beer¢ allocated to actwrties on a ba51S
consistent with the vse of wources.
Going concem
The financSal statement5 have been prepared on a going tontern basis as the trustees believe that no
material uncertainties exist.
Tangible fixeil assets
Depreciation Is provided at the following annuèl otes in order to wrffe off each asset over its estlmated
5elul life.
Freehold13nd and buildings
Freehold ground rents
Freehold land building5 and freehDld ground rents have not been depreciated because the trustees
believe the residual value of freehold land and buildings and freehold Eround rent5 will be at least equal to
costs.
Taxatlon
The charity is exempt from taxon its charitable activtties. The chartiy Is also not registered forvalue added
tèx IVATI and. in these financial staternents. Whe￿ applkable, expend}tU￿ is 5howTh inclusive of VAT.
Fund accountlng
Llnrestrlctedfundscan be used in accordancewiththe rharitèble objettivesatthe dlscretlon of thetrustees.
Restrfcted fvnds can only ￿ used fDf particular restricted purposes within the oblects of the charfty.
Restrlctlons arise when speclfled bythe donor or when funds are raised for partltular restritted purposes.
Further explanatlon of the nature and purpose of each fvnd 15 included in the notes to the.financial
statements.

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Continued
YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES - Continued
Investments
Investments are stated at market value at the balance Sheet date. The statement of financial
artivit1è5 includes thè net gains and losses on revaluations and disposals throughout the year.
Routine rnaintenance
The charity has established a regular programme of tytlical repalrs and maintenance. Costs are
charged to the statement of financial activities in the year in which they are incurred.
Unrestricted
Funds
Restricted
Funds
Total
2023
INVESTMENT INCOME
Flxed asset Investments
16,862
16,862
15,989
RAISING FUNDS
Investment management Costs
5,809
5,809
4,670
Dirèct Costs
Support Costs
Total
CHARITABLE ACTIVITIES COSTS
Direct costs
Support costs
46,820
46,820
19,090
19,090
46,820
19,090
65,910
2024
2023
DIRECT COSTS OF CHARITABLE ACTIVITIES
Repairs, maintenance and gardening
Refurbishment expenses
Council tax
Ga$ and electrlcity
Water r3te%
Warden's salary
Bad debts
10,523
21.766
28,842
1,154
14,723
2,636
5,760
288
22.587
5,168
4,320
3,934
46,820
74,881
io

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Continued
YEAR ENDED 31 DECEMBER 2024
2024
2023
SUPPORT COSTS
Telephone
Insurance
Sundries and subseriptions
Agent's commlsslon
Clerk's honorarium
Indepelldent exaffliner5 fee5
Professional fees
1,198
4,271
1.350
4.440
4,000
1,800
2,031
1,095
4,003
1,253
4,440
667
1,800
19,090
13,258
Other
Governance costs
Total
Support costs, included in the above
are a5 follow5..
13,290
5,8
19,090
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 202412023
£Nill.
TRUSTEES, EXPENSES
There were no trustees, expenses for the year ended 31 December 202412023 - £Nill.
STAFF COSTS
No employees were paid ove¥ £60,(￿0 during the year ended 31 December 202412023 - None).
Freehold land
F¥eehold
and buildin85 ground rents
Total
TANGIBLE FIXED A55ETS
Cost
At l January 2024
28,038
28,138
At 31 December 2024
28,038
loo
28,138
Net book value
At 31 December 2024
28,038
loo
28.138
At 31 December 2023
28,038
loo
28,138
li

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES Contlnued
YEAR ENOED 31 DECEMBER 2024
Extraordinary
Repair
Fund
General
Fund
Trust
Fund
2024
2023
io
FIXED ASSET INVESTMENTS
Market value as at
31 December 2023
Additions at C05t
Disposals proceeds
Reallsed gains
on revaluation
Unrealh5ed gains
on revaluation
62,944
178,233
427.552
42,402
146,5401
668,729
42,402
156.4001
653,494
67,518
188,9061
1 9,8601
429
2,784
3,213
10,932
471
9,066
25,557
35,094
25,691
Market value as at
31 December 2023
53,984
187,299
451,755
693,038
668,729
Cost
406,662
402,210
Represented by
UK Equities
UK Bonds
Non-UK equities & 5tructurEd products
COIF Charities Investment Funds
85,790
58,691
344,276
204.281
83,831
55,885
334.173
194.840
693.038
668.729
Materral invèstmÈnts
las a percentage of total porttoliol
COIF Charities Investment Funds
Vangtsard US Equity Fund
29.48%
13.2ti%
29.14%
6.20%
2024
2023
li
DEBTORS- omountsfvlling due
within one yeor
Debtors
19,991
21,530
12
CREDITORS- amountsfvlling due
within one yeor
Accrued expenses
11,582
7,374
12

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENOED 31 DECEMBER 2024
Unrestricted
Funds
Restricted
Fund
2024
Total
2023
Total
13
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed assets
Inve5trnents
Current assets
Current liabilities
28,138
451,755
2,615
28.138
S93,038
36.735
111.5821
28,138
668,729
35,396
1 7,3741
241,283
34,120
111,5821
263,821
482,508
746,329
724.889
Net movement
in funds
Transfer
between funds At 31.12.24
At 1.1.24
14
MOVEMENT IN FUNDS
Unrestriclèd funds
General fund
Extraordinary repatr fvnd
155,986
110,610
115,9671
9,066
4,126
144,145
119,676
266.596
1 6,9011
4,126
263.821
Restrlrted fund
Trust fund
458,293
28,341
1 4,1261
482,508
Total funds
724,889
21.440
746,329
Net movement In funds, Included In the above are as follows..
Incoming
resource5
Resources
expended
Gains and
losses
Movement
in funds
14
MOVEMENT IN FUNDS
continued
Unrestrlcted funds
General fund
Extraordinary repair fund
54,852
171,7191
900
9,066
115,9671
9,066
54,852
171,7191
9,966
1 6,9011
Restricted fund
Trust fund
28,341
28,341
Total funds
54.852
171,7191
38,307
21.440
13

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENDED 31 DECEMBER 2024
15
DESCRIPTION OF FUNDS
Unrestrlcted- General fund
The General fund represents the free funds of the charity that are not designated for particular purposes.
Unrestrlcted- Extraordinary Repalr fund
The Extraordinary Repair fund is a designated fund which allows the charity to maintain its almshouses
and to meet unexpected almshouse Tepair expenditure in the future. The balance held as at 31 December
2024 45 deemed by the trustees to be sufficient.
Restrlcted-Trust fund
The Trust fund Is a restricted fund consisting of freehold property and Investments to generate addltlonal
funds for the ¢harity to enable It to contlnue to pursue its objettives.
16
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
17
ULTIMATE CONTROLLING PARTY
The charlty is controlled by the boaid of trustees.
14